SAN JOSE, Calif. — March 22, 2016, Cisco completed its acquisition of Jasper, a privately-held company based in Santa Clara, CA. Jasper’s industry-leading cloud-based Internet of Things (IoT) service platform enables companies of all sizes to rapidly and cost-effectively launch, manage and monetize IoT services on a global scale.
Digitization is transforming the world. Cisco believes in a world where everything intelligent will be connected. IoT is a business imperative but implementation can be complex. Cisco is a leading provider of IoT connectivity, security and analytics with thousands of customers and proven use cases. With the acquisition of Jasper, we are moving up the stack to deliver a complete portfolio that simplifies the launch, management and monetization of IoT.
Jasper will become the IoT Cloud Business Unit, under SVP/GM Rowan Trollope, IoT and Applications. Jasper’s IoT service platform allows enterprises to connect their devices – from cars to jet engines to implanted pacemakers – over the cellular networks of top global service providers, and then manage and monetize IoT services. Companies can deliver global IoT services across multiple service providers through Jasper’s cloud-based platform. Cisco and Jasper share the same vision for accelerating IoT adoption and building a complete IoT solution.
Together, Jasper and Cisco will work closely with enterprises and global service providers to manage and drive a wide range of connected devices and IoT services that deliver a predictable recurring revenue business model. Cisco will continue to build upon Jasper’s IoT service platform and add new services including advanced IoT security and analytics solutions to better manage device usage.
Jasper has partnered with 27 global service provider groups, representing more than 100 mobile networks worldwide to deliver IoT services in over 100 countries today. It has a proven IoT service platform providing connectivity over cellular to over 3500 enterprises.
Acquisitions and investments remain a key part of Cisco’s build, buy, partner, and integrate strategy. IoT is a critical component of Cisco’s priorities and imperative to the company’s overall strategy to be the number one IT company.
Why Cisco paid $1.4 billion for IoT platform provider Jasper What is Jasper and why did Cisco pay $1.4 billion for it? Network World | FEB 4, 2016 7:01 AM PT
Cisco acquires IoT company Jasper $1.4 billion Credit: REUTERS/Albert Gea RELATED 20151005 cisco headquarters sign Cisco-Jasper deal should make enterprise IoT safer strategy chess Inside the strategy team at Cisco ciscos greatest hits 2015 20 Cisco’s greatest hits, 2015
VIDEO IoT sensors improve fishing and farming There has arguably been no network vendor that has evangelized the value proposition of the Internet of Things (IoT) more than Cisco (disclosure: Cisco is a client of ZK Research). The company hosts the annual Internet of Things World Forum, has provided a wealth of case studies, and has sized the IoT opportunity to be about $19 trillion. These are some of the reasons why respondents to the 2015 ZK Research/Tech Target Network Purchase Intention Study ranked Cisco No. 1 when asked “Which technology vendor do you associate most with Internet of Things?” (disclosure: I am an employee of ZK Research).
cisco iot survey ZK Research However, as strong as Cisco’s position is in IoT, questions remain about the company’s role in bringing the vision of IoT to reality. Cisco is the de facto standard in connecting things to a network, but as the company has stated over and over, IoT is about more than the connections. It also includes people, process, data, and analytics – areas in which Cisco dabbles, but isn’t strong.
This week, Cisco took a big step into becoming a broader IoT provider by announcing its intent to purchase IoT platform vendor Jasper Technologies for $1.4 billion. Jasper’s Control Center platform is a SaaS-based solution, enabling users to analyze data, track performance, gain new insights, and rapidly launch new IoT services.
Jasper currently has almost 30 service providers and over 3,500 enterprise customers, including some impressive logos such as Tesla and Starbucks, two of the more innovative digital companies. It was founded in 2004, giving Cisco one of the most mature IoT platforms in the market today, with a broad set of features and functions that revolve around device management and connectivity management that appeal to traditional enterprises and mobile service providers. Some of Jasper’s key differentiators include being endpoint-agnostic and having security specialization, broad protocol support, and quality of service.
Anyone who follows Cisco is aware of how active the company is in building its portfolio through acquisitions. There are few, though, that fit into Cisco as neatly as Jasper. First, there is no overlap with current Cisco products, so there’s no concern over product rationalization. Also, more and more of Cisco’s products have been shifting to a recurring revenue model, so Jasper being a SaaS-based solution makes it ideal for Cisco.
Lastly, its well-known that, in addition to traditional systems integrators and VARs, Cisco leverages its service provider partnerships to bring solutions to market. Jasper already has a strong channel through mobile operators, so Cisco should be able to hit the ground running when the deal closes.
Jasper also OEMs its platform to the automotive industry to enable that vertical to implement connected car services, such as remote diagnostics, over-the-air updates, and enabling tighter integration between a consumer’s mobile phone and their car. This could help Cisco create new routes to market for other Cisco hardware and software.
The IoT industry is highly fragmented, with many vendors claiming to be a platform. However, Jasper has stepped out in front of much of the noise, and will prove to be a good acquisition for Cisco now and into the foreseeable future.
Jasper chosen by AT&T to power its connected car platform
MOUNTAIN VIEW USA, 25 February 2014 – Jasper Wireless, the leading connected devices platform powering the mobile Internet of Things, today announced it will power AT&T Drive, a first of its kind modular, global automotive platform for developing LTE connected car services. AT&T Drive allows car manufacturers to take advantage of next-generation data speeds and deliver everything from voice-controlled apps and infotainment to advanced diagnostics services.
Jasper Connected Car Cloud will help AT&T power transformative connected experiences inside the vehicle for the betterment of safety, security, product quality and entertainment. Jasper Connected Car Cloud, exclusive to AT&T in the United States, will enable automobile manufacturers to benefit from:
AT&T Control Center – the world's leading connected device platform, built expressly for enterprises managing IoT services, providing operational automation, real-time diagnostics and innovative rate plan management Global SIM – the first end-to-end solution enabling manufacturers to manage a single SIM, while maintaining local service from local operators Split Billing – enabling highly differentiated service business models by deploying different services with different policies, rating and billing models all through a single SIM and modem inside the vehicle Third Party Rating – bringing to life new business models that allow third parties to be charged for data consumption inside the vehicle, relevant to the location and preferences of the car's occupants Automated Lifecycle Management – managing services, policies and rate plans for all product lifecycle stages from manufacturing to dealer sales to resale and vehicle destruction "The 'Connected Car' is about the complete on-board experience, not just the fancy gadgets. It's about bringing together everything from diagnostics, safety and security to infotainment, apps and Wi-Fi hotspot services in a way that is right for this specific environment," said Cindy Patterson, Chief Revenue Officer at Jasper. "Together with AT&T, Jasper has been powering auto customers since 2009, building unrivalled expertise on what it takes to deliver an amazing connected car experience. We're excited to be part of AT&T's ambitions to showcase these new end-to-end solutions for automotive manufacturers around the world and to become a leading carrier for connected car innovation in the world."
"Jasper Wireless is a natural collaboration for AT&T Drive," said Chris Penrose, senior vice president, emerging devices, AT&T Mobility. "Jasper has a long-standing relationship with AT&T for connected devices and is recognized as the first choice for enterprises entering the Internet of Things. Working with automakers, we're focused on delivering the very best in-car experience for both the driver and passengers, and we're pleased to be using Jasper's platform to help provide this to our customers."
Under: Been on the sidelines for a bit holding (building) cash. Now that "BIGLEY" has rolled out the tax plan its time to jump in.
Dec 21, 2017 19:06:02 GMT -6
martyc: Looks like you are buying Msft again!
Dec 15, 2017 11:23:29 GMT -6
martyc: The news that Trump called Rupert to congratulate him sure seems to indicate that this is heading to approval
Dec 15, 2017 11:22:23 GMT -6
Under: DIS finally getting some traction.?
Dec 14, 2017 17:08:45 GMT -6
martyc: I took an entry level position in DIS. Will add eventually to overweight when it becomes clearer that the deal will go thru. Can't believe how well positioned they will be. 60% Hulu. 20% of content watched on NFLX they can pull. More in thread
Dec 14, 2017 11:05:16 GMT -6
Under: Great posts on $DIS
Dec 13, 2017 17:50:49 GMT -6
Under: $ROKU Citron on a war path.
Nov 28, 2017 15:11:20 GMT -6
Under: $HAS takeover bid for $MAT?
Nov 10, 2017 16:16:07 GMT -6
martyc: Not looking like the market will provide any discounted opp for SGMO. Call was just too professional and all signs indicate they are on a great path for commercialization. Happy with core but wish I had some trading shs
Nov 10, 2017 9:04:05 GMT -6
martyc: For anyone looking to find an entry point into SGMO, I'm almost hoping is sells off in next few days so I can add more. They are really clicking but the fact they haven't signed new deals might cause some to exit. Watching as I have room for trading shs
Nov 9, 2017 18:28:09 GMT -6
martyc: Been an interesting ride so far. I figured the Bears would be about this good but hoped the O wouldn't look so lame. Another building yr but still possible to get to 8-8 IMO
Nov 9, 2017 18:26:08 GMT -6
Under: whats up with your Bears this year Marty?
Nov 9, 2017 17:35:25 GMT -6
martyc: Hope you were long ROKU. I wanted to see Q first so missed out
Nov 9, 2017 7:08:53 GMT -6